Mitek Systems (NASDAQ: MITK) was featured in a recent Equity Research Report published by ROTH Capital Partners, LLC. The report reads, “Mobile deposit strength drove MITK’s topline beat, driven by a price increase (as expected), which also flowed into stronger gross margins and profits. Overall 1Q results were good, although growth continues to decelerate, notably transactional SaaS. FY20 guidance was unchanged, but the heightened risk profile from patent IP remains applicable with many moving pieces and potential long timelines. Maintain Neutral rating and $9 price target.”
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About Mitek
Mitek (NASDAQ: MITK) is a global leader in mobile capture and digital identity verification solutions built on the latest advancements in AI and machine learning. Mitek’s identity verification solutions enable an enterprise to verify a user’s identity during a digital transaction, which assists financial institutions, payments companies and other businesses operating in highly regulated markets in mitigating financial risk and meeting regulatory requirements while increasing revenue from digital channels. Mitek also reduces the friction in the users’ experience with advanced data prefill and automation of the onboarding process. Mitek’s innovative solutions are embedded into the apps of more than 6,500 organizations and used by more than 80 million consumers for mobile check deposit, new account opening and more. The company is based in San Diego with offices in New York, London, Amsterdam, Barcelona, Paris and St Petersburg. For more information, visit the company’s website at www.MitekSystems.com.
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